Hi,
3 years ago I inherited a property in Mumbai that was leased out to a large state owned bank for 10 years on very low rent (10% of market rate). The lease ran out over 2 years ago in 2009 but despite initial promises, the bank refuses to negotiate a new lease (even at a dicounted rate) or communicate in writing. The bank also refuses to vacate the property.
They continue to put the old rent into my account (against my protest and hence not touched by me). They seem unworried about going to court as it will drag out over a number of years.
I am concerned as to how a state undertaking could do this without worry. With the bank refusing to negotiate, is court the only option I have?
Thank you!